-
Tranchess is a yield-enhancing asset tracker with varied risk-return solutions on Binance Smart Chain (BSC), which consists of 3 tranche tokens (QUEEN, BISHOP, and ROOK) and its governance token CHESS. The platform offers various features including a DEX (Tranchess Swap), money markets (Primary Market), staking, and network governance.
-
CHESS is the governance token of Tranchess and has the following use cases:
- Governance: Token holders can participate in voting for the additional add-on of BISHOP tokens’ weekly interest rate.
- Weekly rebate rewards: Token holders receive a weekly BTCB rebate reward (~50% of the fees collected within Tranchess).
- Boost on CHESS earnings: Users can receive higher yield farming rewards by staking CHESS.
-
Tranchess consists of the following major components working in conjunction:
- QUEEN: A BTC index tracking fund token. Users can stake BTCB as the underlying asset to receive QUEEN. The token can be split into BISHOP and ROOK.
- BISHOP: A yield-bearing USDC token. BISHOP holders collect variable interest rates that change weekly. Every week, the protocol reads the USDC interest rate from Venus and adds a premium determined by community voting to the rate. The total becomes BISHOP's next week's fixed interest rate.
- ROOK: A leveraged BTC token. ROOK holders borrow from the BISHOP holders to have a higher exposure on BTC. Learn more on how ROOK’s leverage rate is determined here.
-
As at October 22nd 2021, the total and maximum supply of CHESS is 300,000,000 and the current circulating supply is 30,947,242 (~10.32% of the total token supply).
-
Learn more about the token distribution here.
Ranking | 369 | |
Price | $3.59 | |
Price Change 24h | $0.67650 | |
24h Low / 24h High | $2.88 / $3.79 | |
24 Hour Trading Vol | $52,228,915.30 | |
Market Cap | $144,546,522.52 | |
Max Supply | 300,000,000 | |
Circulating Supply | 39,910,970 | |
Price History | ||
7d Low / 7d High | $2.80 / $3.96 | |
30d Low / 30d High | $2.57 / $7.92 | |
90d Low / 90d High |
$0.5501 / $7.92
|
|
52 Week Low / 52 Week High |
$0.3665 / $7.92
|
|
All Time High | $7.92 | |
Website | https://tranchess.com/ | |
About | ||
CHESSUSDT H4
Tunggu apa lagi trading di Tokocrypto sekarang!
Happy trading!
Salam to the Moon!
Nantikan informasi selanjutnya di semua kanal resmi Tokocrypto:
Telegram: Official Channel Tokocrypto | Official Group Tokocrypto
Twitter: Twitter Tokocrypto
Facebook: Official Facebook Tokocrypto
Instagram: Instagram Tokocrypto
YouTube: Youtube Tokocrypto
LinkedIn: LinkedIn Tokocrypto